MRC Global Inc. (NYSE:MRC) Shares Purchased by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC lifted its position in MRC Global Inc. (NYSE:MRC - Free Report) by 462.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 126,135 shares of the oil and gas company's stock after acquiring an additional 103,700 shares during the quarter. O Shaughnessy Asset Management LLC owned 0.15% of MRC Global worth $1,612,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Brandywine Global Investment Management LLC raised its holdings in shares of MRC Global by 11.3% in the 4th quarter. Brandywine Global Investment Management LLC now owns 289,352 shares of the oil and gas company's stock valued at $3,698,000 after purchasing an additional 29,394 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of MRC Global by 0.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,214,254 shares of the oil and gas company's stock valued at $15,518,000 after purchasing an additional 7,001 shares in the last quarter. Norges Bank bought a new stake in shares of MRC Global in the 4th quarter valued at about $4,555,000. Caisse Des Depots ET Consignations purchased a new position in shares of MRC Global in the 4th quarter worth approximately $817,000. Finally, JPMorgan Chase & Co. grew its position in shares of MRC Global by 419.3% in the 4th quarter. JPMorgan Chase & Co. now owns 811,787 shares of the oil and gas company's stock worth $10,375,000 after buying an additional 655,455 shares during the last quarter. Institutional investors own 94.97% of the company's stock.

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MRC Global Stock Performance

NYSE:MRC traded down $0.30 during trading hours on Thursday, hitting $10.04. 95,869 shares of the company were exchanged, compared to its average volume of 624,298. The stock has a market capitalization of $864.27 million, a price-to-earnings ratio of 11.55 and a beta of 1.67. MRC Global Inc. has a 52-week low of $9.23 and a 52-week high of $15.41. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.99 and a quick ratio of 1.11. The company's 50 day moving average price is $11.98 and its 200-day moving average price is $12.84.

MRC Global (NYSE:MRC - Get Free Report) last announced its quarterly earnings data on Friday, March 14th. The oil and gas company reported $0.08 EPS for the quarter, meeting the consensus estimate of $0.08. MRC Global had a net margin of 3.09% and a return on equity of 19.58%. The business had revenue of $736.80 million during the quarter, compared to analysts' expectations of $726.90 million. During the same period in the previous year, the business posted $0.23 EPS. The business's quarterly revenue was down 10.3% compared to the same quarter last year. As a group, research analysts forecast that MRC Global Inc. will post 0.86 earnings per share for the current year.

MRC Global announced that its Board of Directors has approved a stock repurchase plan on Friday, January 3rd that allows the company to buyback $125.00 million in shares. This buyback authorization allows the oil and gas company to purchase up to 11% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MRC. Susquehanna cut their price objective on shares of MRC Global from $17.00 to $15.00 and set a "positive" rating on the stock in a research report on Monday, March 17th. StockNews.com downgraded shares of MRC Global from a "buy" rating to a "hold" rating in a research report on Monday, March 17th. Stifel Nicolaus cut their price objective on shares of MRC Global from $17.00 to $16.00 and set a "buy" rating on the stock in a research report on Monday, March 17th. Finally, Loop Capital cut their price objective on shares of MRC Global from $18.00 to $17.00 and set a "buy" rating on the stock in a research report on Tuesday, March 18th.

MRC Global Profile

MRC Global Inc, through its subsidiaries, distributes pipes, valves, fittings, and other infrastructure products and services in the United States, Canada, and internationally. It offers ball, butterfly, gate, globe, check, diaphragm, needle, and plug valves; other products, such as lined corrosion resistant piping systems, control valves, valve automation, and top work components; and valve modification services, including valve control extensions, welding, hydrotesting, painting, coating, x-raying, and actuation assembly.